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Forex Brokers in Canada

Canada Forex Brokers, are fx brokers that are regulated and offer forex and CFD trading services to the residences of Canada. The Canadian Dollar (CAD), also called the loonie, is one of the worlds top currencies. This is because Canada’s economy it is one of the most developed economies in the world. E-commerce and online business in general are booming in the country as the infrastructure allows fast growth. As a result, forex trading is both accessible and understandable to traders at all skill levels, professional or newbies.

With the huge amount of live financial information flooding the internet, trading the financial markets was never easier. Therefore, the great white north has become an attractive market for a lot of fx brokers that offer services to most of its regions, and in the local currency.

The interest in forex trading, or currency trading, across the global markets is growing rapidly in North America . In order for any fx broker in Canada to accept forex and CFD traders as clients, the forex broker must become authorized by the Investment Industry Regulatory Organization of Canada (IIROC), which is the financial regulatory body in Canada.

IIROC is a national self-regulatory organization that was first established as a non-profit corporation back in 2008. This organization is part of the consolidation of the Investment Dealers Association of Canada (IDA) and the Maket Regulation Services Inc. (RS). Therefore, IIROC is respectfully recognized by the Canadian Securities Administrators (CSA) which includes all Canadian provinces and regulatory bodies.

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